NOT LISTED FOR SALE

690 Field St Sparks, NV 89431

Downtown Sparks Neighborhood
18 Beds
10 Baths
8,460 Sq Ft
0.34 Acres

Last Sold November 01, 2017

Last sale price $955,000 $113 Per Sq Ft

81 Days on Market

Highlights

  • 0.34 Acre Lot
  • Balcony
  • Patio
  • Wood Flooring
  • Double Pane Windows
  • Community Barbecue Grill

About This Home

As of November 2017

Great Investment! 100% leased and freshly painted 10 unit complex! Current 6.1% cap rate with an estimated 7.5% cap rate potential. Property consists of 8- 2 bedroom 1 bath units and 2- 1 bedroom 1 bath units. The 5 upstairs units all have private balconies with good views, the 5 downstairs units all have private patios, each unit has different upgrades depending on length of tenancy and also has a dishwasher making our units highly desirable.

Last Listed By

Amber Fuller-McDade

Realty Boulevard License #B.1000666 Listed on: 07/20/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,725

Year Built

  • Built in 1987

Lot Details

  • 0.34 Acre Lot
  • Back Yard Fenced
  • Landscaped

Home Design

  • Wood Foundation
  • Wood Frame Construction
  • Pitched Roof
  • Composition Shingle Roof
  • Wood Siding

Interior Spaces

  • 8,460 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Aluminum Window Frames
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Parking

  • 18 Parking Spaces
  • 2 Parking Spaces Included
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater
  • Internet Available
  • Phone Available

Listing and Financial Details

  • Utilities Included
  • Assessor Parcel Number 03129252

Community Details

Overview

  • 2 Buildings
  • 10 Units
  • Field Street Apartments Community

Amenities

  • Community Barbecue Grill
  • Laundry Facilities

Building Details

  • Net Operating Income $60,577

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,725

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Type Of Property: Apartment Complex
  • Extended Remarks: This property has a very low vacancy rate due to the location and condition of the property. There is little to no deferred maintenance on the property and is very well maintained, corner lot and centrally located in the downtown Sparks area with private designated parking (2 spaces per unit), an onsite laundry room with 2 washers and 2 dryers, common BBQ, private yard and shed for any onsite storage needed. Property is currently managed by listing agent. Current and estimated P&L attached. Current and next 2 months rent rolls attached with current scheduled increases. Do not disturb tenants. Viewings with accepted offer only. Buyer and Agents to verify all info provided.
  • Lvt Date: 07/20/2017
  • Year Built: 1987
  • Access Type: Public
  • Xstreet Directions: EL RANCHO, G ST., FIELD ST
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Oven/Range, Refrigerator
  • Water Heater: Electric
  • Flooring: Ceramic Tile, Carpet, Wood
  • Price Per Sq Ft: 112.88
  • Sold Price Per Sq Ft: 112.88
  • Source Of Sq Ft: Assessor
  • Gross Sq Ft: 8460

Exterior Features

  • Windows: Double Pane, Metal Frame
  • Construction: Wood Frame
  • Exterior: Wood Siding
  • Fenced: Back, Full
  • Foundation: Concrete/Crawl Space, Wood
  • Landscaped: Fully Landscaped, Yes
  • Roof: Composition/Shingle, Pitched
  • Stories: 2 Story

Garage/Parking

  • Total Parking Capacity: 18
  • Parking Capacity Per Unit: 2
  • Parking Types: Designated Parking

Utilities

  • Heating Cooling: Natural Gas, Forced Air
  • Internet: Yes
  • Utilities: City/County Water, City Sewer, Electricity, Natural Gas, Telephone
  • Facility Features: Landlord Pays Utilities, Separate Heating/Cooling, Separate Meters-Electric, Separated Meters-Gas, Tenant Pays Utilities
  • Individually Metered: Yes
  • Laundry: Common

Condo/Co-op/Association

  • Common Features: BBQ/Picnic Area
  • Complex Name: FIELD STREET APARTMENTS

Lot Info

  • Acreage: 0.34
  • Parcel Number: 03129252
  • Zoning Actual: MUD

Green Features

  • Green Features: Double Pane Windows

Rental Info

  • Current Lease: Leases

Tax Info

  • Taxes Dollar: 5724.83

Multi Family

  • Annual Expenses: 26337
  • APOD Available: Yes
  • Gross Scheduled Income: 86914
  • Number Units: 10
  • Unit Features: Balcony, Blinds/Shades, Patio/Deck, Smoke Detector

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2017 11/01/17 Sold $955,000 -3.4% $113 / Sq Ft
10/09/2017 10/09/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $989,000 -- $117 / Sq Ft
Source: Northern Nevada Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amber Fuller-McDade

    Seller's Agent in 2017

    Amber Fuller-McDade

    Realty Boulevard

    (775) 247-8123

    3 in this area

    35 Total Sales

    Amber Fuller-McDade
    Section Image
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Map

Source: Northern Nevada Regional MLS

MLS Number: 170010514

Northern Nevada Regional MLS

Nevada Washoe County Sparks 89431 Downtown Sparks

690 Field St, Sparks, NV

Homes for Sale in Sparks, NV

This home is located at 690 Field St, Sparks, NV 89431 since 20 July 2017. This property was built in 1987. 690 Field St is a home located in Washoe County with nearby schools including Bernice Mathews Elementary School, Fred W. Traner Middle School, and Procter R. Hug High School.

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